MacroVoices #353 Luke Gromen: The Fed Is Headed For Difficult Decisions
Macro Voices
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Is There a Secular Inflation?
I've been kind of surprised for quite a while on macrovoices. Most of my guests were telling me they thought we were at the beginning of a significant secular monetary inflation. A lot of really smart people are telling me, no, look, what's really been going on here has all been pandemic effects. Oil demand recovered faster than oil supply was able to match it because of the pandemic shock.
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